The Scottish FA have confirmed a dual interest dispensation request from Rangers has been approved.
Hampden bosses granted their approval as Andrew Cavenagh and 49ers Enterprises acquired a major shareholding in Rangers.
The club had earlier stated the takeover had passed checks with the Scottish FA as 49ers Enterprises hold a stake in English Premier League club Leeds.
The Scottish FA has granted permission for the takeover deal to go ahead without any issue, subject to written undertakings signed by club officials and the investing party.
The agreement means the investing party's interest in any other club does not preclude Rangers from participating in any UEFA competition they qualify for, among other commitments.
A Scottish FA statement read: "The board of the Scottish FA has approved a dual interest dispensation request from Rangers Football Club under Article 13.
"This approval has been granted subject to written undertakings, signed by the club and the investing party, which among other commitments ensures that the investing party's interest in any other clubs does not preclude the club from participating in any UEFA competition it qualifies for."
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The webpage states:
13. DUAL INTERESTS IN CLUBS
13.1 Except with the prior written consent of the Board:-
(a) no club or nominee of a club; and
(b) no person, whether absolutely or as a trustee, either alone or in conjunction with one or more associates or solely through an associate or associates (even where such person has no formal interest), who:-
(i) is a member of a club; or
(ii) is involved in any capacity whatsoever in the management or administration of
a club; or
(iii) has any power whatsoever to influence the management or administration of a club, may at the same time either directly or indirectly:-
(A) be a member of another club; or
(B) be involved in any capacity whatsoever in the management or administration of another club; or
(C) have any power whatsoever to influence the management or administration of another club.
Article 13 can be found in full from Page 91 of the Articles of Association 2024-25.
